CDA, ARAMCO Explore Joint Ventures to Boost Investment and Development in Islamabad

Date: Oct 09, 2025

ISLAMABAD: October 8, 2025: Chairman Capital Development Authority (CDA) and Chief Commissioner Islamabad, Muhammad Ali Randhawa, met with a delegation from the renowned Saudi company GO ARAMCO on Wednesday. The meeting was attended by Member Planning and Design Dr. Khalid Hafiz, Member Finance Tahir Naeem, Deputy Director General (Resource), and other senior officers. During the meeting, both sides discussed potential cooperation on projects of mutual interest. Chairman CDA Muhammad Ali Randhawa said that, in order to transform Islamabad into a modern and international city, the Authority is initiating various projects under the Joint Venture (JV) model. He highlighted that this model would help promote investment in Islamabad and create sustainable sources of revenue for the Authority. He added that all projects are being carried out in accordance with PPRA rules, ensuring transparency and merit. The ARAMCO delegation was briefed on various development projects being launched under the leadership of the Chairman CDA. He emphasized that the objective of these projects is to provide world-class facilities to the citizens of the capital. He also informed the delegation that various sites are available for investment to establish petrol pumps in Islamabad. The delegation was further briefed on the establishment of a state-of-the-art slaughterhouse in the city. It was informed that the feasibility study for the project has been completed. The main objective of this initiative is to promote meat exports while meeting domestic requirements. Special teams from both sides are working together to initiate practical steps for potential cooperation on these projects. Chairman CDA reaffirmed that the purpose of these efforts is to ensure the provision of the best facilities to the citizens of Islamabad. He added that the CDA is working round the clock for the development of the capital and taking measures to fully encourage private sector investment.